Retirement plan

BORO DEVELOPERS, INC. RETIREMENT PLAN

Name: BORO DEVELOPERS, INC. - BORO DEVELOPERS, INC. RETIREMENT PLAN (2021) Form 5500
Creator: BORO DEVELOPERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BORO DEVELOPERS, INC. RETIREMENT PLAN, BORO DEVELOPERS, INC.

BORO DEVELOPERS, INC.EIN 23-1997150Plan #001PY 2021

400 FEHELEY DRIVE - KING OF PRUSSIA, PA 19406610-272-7400boroconstruction.comLinkedIn201-500 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$34.5M

+14.6% from 2020

Total participants

285

+9.6% from 2020

Average account balance

$120,993

+4.6% from 2020

Annual return

13.41%

-6.75 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$34.79M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$170K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

205

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.01%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$-111

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC4 years Service code 27 · EIN 20-8874282	Advisory (Plan)	$30,000
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: NORTHEAST SERIES OF LOCKTONCOMPANI Service code 27 · EIN 20-5846304	Advisory (Plan)	$7,500
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	-$33,923

Plan features & details

Pension benefit codes2F2G2J2T2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$17 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,993

$77,677+55.8%

$109,173+10.8%

$79,391+52.4%

Participation rate

100.0%

67.8%+32.2pp

75.9%+24.1pp

70.7%+29.3pp

Annual return

13.41%

23.44%-10.0pp

25.75%-12.3pp

116.88%-103.5pp

Employer contribution / active EE

$4,961

$2,798+77.3%

$3,723+33.3%

$2,428+104.4%

Participant deferral / active EE

$5,058

$3,517+43.8%

$4,654+8.7%

$4,046+25.0%

Admin fee / account holder

$13

$732-98.3%

$6,755-99.8%

$627-98.0%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC4 years

Service code 27 · EIN 20-8874282

Advisory (Plan)

$30,000

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: NORTHEAST SERIES OF LOCKTONCOMPANI

Service code 27 · EIN 20-5846304

Advisory (Plan)

$7,500

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$33,923

BORO DEVELOPERS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BORO DEVELOPERS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion